Assam Gramin Vikash Bank was formally launched on the 12th of January 2006. It is an malgamation of Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank and Subansiri Gaonlia Bank, all sponsored by United Bank of India.

About ourselves

The idea of Regional Rural Banks (RRBs) was mooted by the Govt. of India in the year 1975 to bring about the desired uplift of the rural economy and accordingly promulgated an Ordinance...


 
 
 
 

 

PART-I  

Service Charges on Products &Services updated up to 26.02.2018
GENERAL OPERATIONS

(Goods and Services Tax (GST) @ 18%)

Sl No.

Particulars

1.

 

Collection of outstation cheques

 

For Amount Slab  
Upto Rs. 5000/- Rs.30/- + GST
Above Rs. 5000/- and upto Rs. 10,000/- Rs.55 + GST
Above Rs. 10,000/- and upto Rs. 1,00,000/- Rs.100 /- + GST
Above Rs. 1,00,000/- Rs.200 +GST
Note: In all the cases postage and other expenses will be taken separately on actual basis.
2.
Collection of Bills
For Amount Slab Service Charge
Upto Rs.5000/- Rs. 100/- +GST
Above Rs.5000/- uptoRs 100000.00 Rs. 11/- per thousand or part thereof +GST + Rs.35/-

Minimum Rs.115/-+GST
Above Rs. 1,00,000/- Rs. 9/- per thousand or part thereof +GST + Rs.35/-

Minimum Rs.1135/- +GST
3.
Handling / Collection charges for Bills/Cheques returned unpaid (outward) Name of the Item Service Charge
(Uniform for all category of branches)
Local Cheques & Bills Rs. 120/- + GST per instrument, other Bank charges extra. (Postal and out of pocket expenses are to be realized additionally).

Outstation Cheques & Bills

Rs. 150/- + GST per instrument. Other Bank charges extra (postal and out of pocket expenses are to be realized additionally).


Note: Postage, and other out of Pocket expenses to be realised in full.

4.

 

Purchase/Discount of Cheques/Bills

Service Charge

Charges against clearing

I) Local Cheque / Bill Outstation Bills/Cheques purchased

A) DD purchase(Cheque/Drafts)

Local Cheques /Drafts
Interest as applicable to clean advance for the number of days funds are advanced depending upon the time taken at different clearing centres. No collection Charges are to be levied.

Outstation Cheques/Drafts
50 paise per cent + GST plus collection charges as applicable for respective slabs.

B) Purchase/Discount of demand Bills- 50 paise percent +GST + collection charge.

Usance Bill
(Clean/Documentary)
55 paise percent +GST plus collection charges for bills as applicable for respective slabs

Usance Bill
(Clean/Documentary)
Interest/Discount from the date of purchase/discount till due date at the interest rate applicable for working capital advances to the respective borrower plus collection charges as applicable to bills for collection for the respective slab.

5.
Cheque Return Charges

(I) Return of Inward Clearing Cheques Individual/Non Individual.


(II) Return of outstation Cheques

(III) Return of Outward Clearing Cheque

Individual – Rs 170/- +GST per instrument.
For Pensioner/ Sr. Citizen 10% rebate.
Non Individual-Rs. 215/-+GST per instrument

Rs. 215/- +GST per instrument + other Bank’s charges for OCC.


Individual – Rs 170/- +GST per instrument (10% rebate for pensioners and Senior Citizens)
Non-Individual -- Rs 215/-+GST per instrument.

6.
Presentation of usance Bills for acceptance Rs. 55/- +GST per bill
7.
Inward Bill
Charges on Inward Bills for collection when documents are delivered free of payment.

Service charges
(Uniform to all categories of Branches)

Whenever documents under IBCs are delivered free of payment to the drawee of the bill by a bank, under specific instruction of the drawer, the collecting Bank should levy handling charges in conformity with the charges leviable in case of bill returned unpaid.

Local Cheques & Bills
--Rs.100/- +GST per instrument + out of pocket expenses.

Outstation Cheques and Bills
--Rs. 150/-+GST per instrument + out of pocket expenses.

8.
Collection through other Bank
Sharing commission when instrument is collected through branch of another Bank.

Service charges
(Uniform to all categories of Branches)

At centres where the remitting Bank has no branch and the bills/cheques are sent for collection to branch of another bank, the commission on bills and cheques should be shared by the remitting bank and the collecting bank on 50:50 basis i.e., the remitting bank to charge 50% of the applicable rate and the collecting bank to charge 50% of their applicable rate.

9.
ECS
a) ECS CHARGES Credit- No Charge
Debit- No Charge
ECS Registration Charge: Rs100/-+GST
b) ECS RETURN CHARGES Return of Credit ECS – Rs. 65/- +GST per instrument
Return of Debit ECS – Rs.150 / +GST per instrument.
10.
RTGS Rate of Charges
Rs 2.00 Lakh to Rs. 5.00 Lakh Rs 25- +GST per transaction.
Above Rs 5.00 Lakh Rs 50 +GST per transaction
11.
NEFT Rate of Charges
Upto Rs. 10000.00 Rs 2.50 +GST
Above Rs 10000.00 to Rs. 1.00 Lakh Rs. 5.00 +GST
Above Rs 1.00 Lakh to Rs 2.00 Lakh Rs. 17.00 +GST
Above Rs 2.00 Lakh Rs 15 +GST
REMITTANCE  
12

Issue of Demand Draft

 

For Amount Slab

 Service  Charge
(Uniform for all categories of Branches)

Upto Rs. 10,000/-

Rs. 45/- +GST

Above Rs. 10,000/-

Rs. 4.00+ GSTper thousand or part thereof, Minimum Rs. 60/- + GST
Maximum Rs.15000/-,+ GST For Pensioners/ Senior Citizen, Students, 10% rebate on the Service charge will be allowed, subject to maximum as stipulated.

13

Issuance of Duplicate draft

UptoRs. 1.00 Lakh, Rs. 100/- +GST per instrument.
Above Rs. 1.00 Lakh Rs. 200/- +GST per instrument.

14

Revalidation of Draft

UptoRs. 1.00 Lakh, Rs. 110/- +GST per instrument.
Above Rs. 1.00 Lakh Rs. 175/-+GST per instrument.

15

Cancellation of Demand Draft

Rs. 110/- +GST per instrument.

16

Issuance of Pay Order

For Amount Slab

 Service  Charge
 (Uniform for all category of Branches)

Upto Rs. 10,000/-

Rs. 50/-+GST

Above Rs. 10,000/-

Rs 4.00 +GST per thousand or part thereof.
Minimum Rs.60/-+GST Maximum Rs 15000/- + GST
For Pensioners /Senior Citizen, Student, 10% rebate on the Service charge will be allowed.

17

Cancellation Of Pay Order

Rs. 110/-+GST per instrument.

18

Duplicate Pay Order

Upto Rs. 1.00 Lakh Rs. 100/- +GST per instrument.
Above Rs. 1.00 Lakh Rs. 200/-+GST per instrument

19

Revalidation of Pay Order

UptoRs. 1.00 Lakh Rs. 100/-+GST

 

Above Rs. 1.00 Lakh Rs. 200/-+GST

20

Cash Handling Charges

Savings Bank account (Cash Deposit) ,Excluding Financial Inclusion (FI) Account.

Upto 5 (Five ) Deposit  Transactions (including both home and non-home branch )  in a month.

Free

Beyond 5 (five ) transactions

Rs 50 /- + GST per transaction.

CD/CC/OD Accounts (Cash Deposit) (Per day per account)

Cash Credit (CC)/Overdraft (OD)/ AGVB Current Deposit Plus Accounts (Cash Deposits)

No Cash Handling Charges
Current Deposits (CD) Accounts (Cash Deposits per day per account) Up to Rs 50000/- : Free
Beyond Rs 50000/- : Rs 0.75 per Rs 1000/- + GST
Minimum Rs 50 /- + GST
Maximum Rs 20000/- + GST
22.
Intersol Cash Transaction (WITHDRAWAL)
Local Non-Parent /Outstation Branches
Withdrawal by drawer personally and by cheque only. Maximum Limit Rs.100,000/-. For withdrawal above Rs. 10,000/-, photo identity card of the drawer must be produced. No charge for intersol cash withdrawal.
IMPORTANT
In order to sensitize the customers, a notice containing the following message should be displayed at a prominent place in the branch premises:

NOTICE

WE MAKE CASH PAYMENT TO THE ACCOUNT HOLDER ONLYAGAINST CHEQUES DRAWN ON OTHER BRANCHES (INTERSOL) OF THE BANK FOR AN AMOUNT UPTO RS. 1,00,000/-. PAYMENT OF ALL SUCH CHEQUES FOR AN AMOUNT ABOVE RS. 10,000/- IS SUBJECT TO PRODUCTION OF PHOTO IDENTITY CARD/PROOF BY THE ACCOUNT HOLDER..
23.
CHARGES AGAINST INTERSOL RECEIPT/PAYMENT THROUGH TRANSFER MODE AT OUTSTATION BRANCHES ----- NIL
24.
Inter-bank transfer of entire balance in SB or CD A/c
1) Collecting Bank Need not levy any Service charge as it is getting the benefit of deposit.
2) Remitting Bank It shall levy Service charges as applicable to Remittance/pay Order. After transfer of the entire balance, the account is to be closed with notice to the depositor.
25.
Issue of Cheque Book Individual Non-Individual

1. SB A/C (Personalised Cheque book of 25 leaves)

One cheque book of 25 leaves free in a financial year available to all types of customers.

Rs.75 /-+GST per cheque book

Pensioners / Senior Citizens Rs. 63/- + GST per cheque book.
One cheque book of 25 leaves free in a financial year.

Rs.100/- +GST per cheque book.



One cheque book of 25 leaves free in a financial year.
1. SB A/C (Non - Personalised Cheque book of 5 leaves)
( No free Non – Personalised cheque book available)
Rs 25/- + GST
Pensioners / Senior Citizens
Rs 18/- + GST
Rs 40/- + GST
1. CD/OD/CC / AGVB CD+ A/c

No free cheque book
Rs. 100 +GST per cheque book.

Pensioner/Senior Citizens Rs. 75/- +GST per cheque book.
No Free Cheque Book.
Rs. 125 +GST per cheque book.

No Free Cheque Book.

26

Addition/Deletion of Name

Rs. 110/-+ GST per occasion (No charge for deletion of name of deceased customer and there will also be no charge for the first time conversion of single account to joint account of pensioner account)

27

Closure of S/B a/c within 12 months of its opening.

SB A/c with cheque book Rs.175/-+GST
SB A/c without Cheque Book Rs. 110/-+GST

Exemption:

  1. Closure due to death of the depositor.

  2. If the customer is not happy about his/her choice of SB a/c or Services provided by the bank, he / she may within 14 days of making first payment into the account , approach the bank to switch to any of our other accounts. Alternatively, he / she may ask for refund to him / her with any interest it may have earned. The Bank will not levy any Service charge for closure of the account within 14 days from the date of making the first payment into the account.

28

Closure of a CD Account within 12 months of its opening

For individual = 250/-+GST
For others = Rs.425/-+GST

Exemption
1) Closure due to death and also closing of un-remunerative account.

2) If the customer is not happy about his/her choice of CD a/c or Services provided by the bank, he / she may within 14 days of making first payment into the account , approach the bank to switch to any of our other accounts. Alternatively, he / she may ask for refund to him / her with any interest it may have earned. The Bank will not levy any Service charge for closure of the account within 14 days from the date of making the first payment into the account.

29

Closure of RD account within 3 months of its opening

NIL

30

Change in operational Instructions

Rs.100/-+GST per occasion

31

Exceeding limit of number of withdrawals in SB Account (If the no. exceeds 50 in a calendar half year).

Rs. 11/-+GST per entry in excess of 50 per calendar half year.

32

Minimum Balance for SB A/c

With Ch. Book

Without Ch. Book

Rural Branch

Rs. 500/-

Rs. 100/-

Metro/Urban/Semi-Urban Branches

Rs. 500/-

Rs.  250/-

Note :Maintenance of account with “0” balance is permissible for pensioners/Senior Citizen/Students/Physically handicapped persons/women/visually and mentally retarded persons/No Frill and BSB Accounts.

33

Minimum balance in CD A/C
Minimum Balance in ‘’AGVB CD Plus’’ A/C 

Rs. 1000/-
As per scheme.

34

Fall in minimum balance in

SB Account  (Slab wise charges to be realised as given below)

Rs. 60/-+GST per occasion with cheque book (For all branches)
Rs  50/- +GST per occasion without cheque book (For Semi urban,Urban and Metropolitan Branches)
Rs. 40/- +GST per occasion without cheque book.(For Rural Branches)

CD A/c
‘’AGVB CD Plus’’ A/C 

Rs. 215/- +GST per occasion.
As per scheme.

Fall in minimum balance charges in SB Accounts will be realised as per following slabs
For SB Accounts with Cheque Book facility where minimum balance requirement is Rs 500/-
  Available Balance in SB Account Charges ( Actual out of pocket expenses for sending letters ,if any is to be realized separately & manually by the branch.)
Less than Rs 500/- and uptoRs 375/- Rs 15/-+GST (25 % of the minimum balance charges )
Less than Rs 375/- and uptoRs 250/- Rs 30/- +GST ( 50 % of the minimum balance charges)
Less than Rs 250/- and uptoRs 125/- Rs 45/- +GST (75 % of the minimum balance charges)
Less than Rs 125/-

Rs 60/- +GST (100 % of the minimum balance charges)

For SB Accounts without Cheque Book facility where minimum balance requirement is Rs 250/-
Available Balance in SB Account Charges (Actual out of pocket expenses for sending letters, if any is to be realized separately & manually by the branch.)
Less than Rs 100/- and upto Rs 75/- Rs 13/-+ GST (25 % of the minimum balance charges)
Less than Rs 75/- and upto Rs 50/- Rs 25/- + GST( 50 % of the minimum balance charges)
Less than Rs 50/- and upto Rs 25/- Rs 38/- + GST(75 % of the minimum balance charges) or the entire balance less then Rs. 45.00

Less than Rs 25/- Available balance (100 % of the minimum balance charges)
For SB Accounts without Cheque Book facility where minimum balance requirement is Rs 100/-
Available Balance in SB Account Charges (Actual out of pocket expenses for sending letters, if any is to be realized separately & manually by the branch.)
Less than Rs 50/- and uptoRs 38/- Rs 10/-+ GST(25 % of the minimum balance charges)
Less than Rs 38/- and uptoRs 25/- Rs 20/-+ GST( 50 % of the minimum balance charges)
Less than Rs 25/- and uptoRs 13/- Available balance
Less than Rs 13/- Available balance
35.
I/C for Inoperative a/c
(i) Account maintaining stipulated minimum balance Rs. 25/-+GST per quarter.
(i) If the balance falls below Rs 25/- The entire balance is to be appropriated towards Service charge and the account closed under advice to account holder with intimation for returning cheques.
  Note : All accounts which are dormant for a period of two years or more are to be treated as inoperative,irrespective of whether such accounts have been transferred to inoperative ledger or not.
36.
Stop Payment instructions (All types of A/C s)
SB A/c Rs 100/-+GST per cheque.
For multiple cheques Maximum. Rs. 280 /-+GST
CD/CC/OD A/c Rs. 130/- +GST per cheque.
For multiple cheques Maximum.Rs. 400/- +GST
37.
Duplicate Statement / Pass Book
SB Account
(i) With latest balance Rs 100/- +GST per pass book
(ii) With multiple entries Rs 100/- +GST + Additional Rs 100/-+GST per ledger folio (40 entries or part thereof will be treated as a folio)
CD Statement One statement of account per month free. For duplicate or additional statement Rs 40/- +GST per folio or part thereof.
38.
Attestation of Customer’s Signature
  Attestation of customer’s Signature whenever Bank attests signature of a customer as per recorded specimen in a document as required by a customer

Rs. 130 /-+GST per occasion

Rs. 130 /- +GST for each attestation in joint account.

39.
Attestation of customer’s photograph Rs. 130/- +GST per occasion
40.
Record Copy of the Cheque Rs. 130/- +GST per instrument
41.
Issue of duplicate deposit Receipt Rs. 100/- +GST per instrument.
42.
Operation in account through power of attorney/mandate in SB/CC/OD/CD SB -Rs. 100 /- +GST
CC/OD/CD Rs. 200/-+GST
43.
Charge for storage of postal parcel beyond due date of the payment of bill. Rs 40 /-+GST per parcel per day.
44.
Issuance of no dues certificate Prisec Individual/Pensioners/senior Citizen in all areas Rs. 50/-+ GSTper certificate.
Prisec- Non Individual- Rs. 110/-
Non Priority Sector
Non Individual – Rs. 120/-+ GST per certificate.
Individual – Rs. 100/-+ GST
45.
Ledger Folio Charges for SB/CC/OD/CD
SB A/c (40 entries or part thereof to be treated as one ledger folio) Individual—NIL
Non Individual Rs. 30/- + GST per folio. No Free Folio.
CD/CC/OD (40 entries or part thereof to be treated as one ledger folio) Individual Rs. 70/- + GSTper folio.
Non-Individual – Rs. 150 /-+ GST per folio. No Free Folio.
NOTE : For account maintained on computer, 40 entries or part thereof be treated as one ledger folio.
46.
Loss of Token

Service Charge
(uniform for all categories of branches)

Rs. 100/-+ GST per token Loss

47.
Collection of Interest/Dividend warrant directly received by the Branch
Service Charge
(Uniform for all category of Branches)
RS. 20/- + GST per instrument.
48.
Call Deposit
Call Deposit receipt Rs. 50/-+ GST per receipt.
49.
Standing Instructions  
Service Charge
(Uniform for all categories of Branches)
FOR REGISTRATION ONLY
Rs. 100/-+ GST per registration.
Note: Postal and remittance charges if any is to be levied on actual basis
50.
Safe Custody
Scripts Rs. 100/- +GST per script, minimum Rs. 220/- +ST per year or part thereof
Sealed Cover

Rs. 175/-+GST per cover per year or part thereof. Sealed cover from Govt. Bodies Organisation/Corporates
Rs. 450/--+GST per cover per year or part thereof.

Sealed Boxes

For small boxes (30cmx30cmx30cm) Rs.800/- + GST per box per year or part thereof.
Sealed Boxes from Govt. Bodies/Organisation/corporates (30cmx30cmx30cm) Rs. 2000/- + GST Per box per year or part thereof

Bank’s own deposit Receipt No Charge
51.
Issuance of Solvency certificate Rs. 250- + GST per Lakh. Minimum- Rs. 1200/-+ GST
Maximum- Rs. 25000/-+ GST
52.
Postal & Telecommunication Tariff
Postal/communication charges to be recovered unless and otherwise specified to the contrary Ordinary – Actual Expenses, Minimum Rs. 13/-+ GST
Registered/Courier/Speed Post/
-----Actual Expenses,
----- Minimum Rs. 30/-+ GST
53.
Enquiry Related Old Records  
3-12 Months Old Rs.100/- + GST per item.
Above 12 Months upto 3 years Rs. 130/- + GST per item.
Above 3 years upto 7 years Rs. 175/-+ GST per item.
Above 7 Years Rs. 250/- + GST per item.
54.
SMS Alert Charges:
(Circular No. AGVB/P&D/32/OM-129/2014-15 dated 24.12.2014
All Financial transactions resulting in Debit/Credit of the account @0.15 realized on Calendar Year Basis on SB, CD, CC & OD accounts. Charged on default basis wherever Mobile number is registered.
Exemption:
1) Staff accounts including retired staff, No frill and Basic SB Accounts (BSBD Accounts).
2) Missed call balance alert, Non-financial txns including sending of OTP, promotional messages, Stop cheque alerts etc.
55.
ATM CHARGES  
Activities
Revised Charges
Service tax to be collected at the prevailing rate of 15% (rounded to the next rupee)
Total Charge to be collected
Charges to be realized by
Issuance of Primary card Free NA NIL -
Issuance of add on card (In case of joint account holders) 100.00 15.00 115.00 Branch : at the time of issuance of card
Annual charges for primary & add on card. 100.00 15.00 115.00 HO: After 1 year of issuance of card and thereafter at the end of every completed year
Duplicate card
(In case of lost damage card)
147.00 23.00 170.00 Branch : At the time of issuance of card
Re- Pin 50.00 8.00 58.00 Branch : at the time of delivery of Re-Pin
(duplicate PIN)
(For AGVB employee there will be no Annual \Duplicate ATM Card and Re-Pin Charges)
56.
RULES FOR ATM OPERATION
Category of Service
No. of Transactions (Financial & Non-Financial)
Free of Charge
Charges applicable for transaction
(Financial + Non-Financial) beyond free limit
Transactions from UBI ATM / AGVB ATM (when operational) FIVE (5) ( per calendar month) Financial Transaction: Rs 20/- + GST
Non – Financial : Rs 10/- + GST
Financial Transaction: Rs 20/- + GST
Non – Financial : Rs 10/- + GST
Transaction from other than UBI / AGVB ATM ( when operational) (Financial &Non Financial ( For Savings Bank A/C holders)
THREE (3) ( per calendar month) Financial Transaction: Rs 20/- + GST
Non – Financial : Rs 10/- + GST
Note 1: The above revision in limiting the number of free transactions against use of UBI ATM / AGVB ATM (when operational) shall not be applicable to Staff Savings Bank Accounts / BSB Accounts / No frill Accounts /Small Accounts which will continue to enjoy unlimited free transactions.
Note 2: Cards Linked to Current Accounts / Overdraft Accounts / KCC Accounts will attract charges from the first transaction itself, if used at other than UBI AGVB / ATM (when operational).This is applicable for all categories of customers including staff.
Note 3: Transaction declined due to insufficient balance will continue to be charged  at Rs 20/- + GST
57.

National Automated Clearing House (NACH) Mandate

One time Mandate Authorisation Charges per mandate: Rs 20/- + GST
Failed Mandate
58.
LOCKER RENT
Small Size (Volume up to 859 cubic inches) Rs 1087-+ GST Per Annum
Medium Size (Volume 860 cubic inches to 1337 cubic inches) Rs. 1740/-- + GST Per Annum.
Large Size (Volume over 1337 cubic inches) Rs. 2600- + GST Per Annum.
59.
Penal charges for Locker Rent Default. Rs 60/-+ GST per quarter or part thereof.
Note regarding Locker operation : (1) 24 operations per annum free, beyond which Rs 100 /- + GST per operation will be charged.
(2) Operations in the locker will be stopped if rent is not paid on due date.
(3) In case of loss of Keys of the lockers , a service charge of Rs 450/-+ GST has to be recovered from hirer in addition to the actual expenditure incurred in breaking open the locker and changing of key by manufacturer of locker to be recovered manually.
60.
Interest Certificate & Balance Certificate Rs 100- + GST per certificate (Except Housing /Educational Loan certificates)
61.
Change in Registered Nominee Rs 50/-+ GST per occasion.
62.
Address Confirmation Rs 25/-+ GST per occasion.

PART-II
SERVICE CHARGES ON LOANS AND ADVANCES (updated up to 26.02.2018)
(Goods and ServicesTax (GST) @ 18%)

                                                                                Particulars

 1. PROCESSING CHARGE 

1. a) Fresh Working Capital limit   

PRIORITY SECTOR and NON-PRIORITY SECTOR

Up to Rs. 2.00 lakh: NIL

Above Rs. 2.00 lakh to Rs 500.00 lakh or part thereof: Rs. 313/- per lakh + GST

Above Rs. 500.00 lakh  or part thereof: Rs. 355/- + GST per lakh. MaximumRs 35 lakh + GST

1 b) For Term Loan
(to be realized at the time of sanction) 

PRIORITY SECTOR
Up to Rs. 25,000/-: NIL

Above Rs. 25,000/- to Rs. 20.00 crore: 1.00 % of loan + GST amount

Above Rs.20.00 crore: Rs. 20.48 lac + 0.510% of loan exceeding Rs. 20.00 Cr + GST

NON-PRIORITY SECTOR

Up to Rs. 25,000/-: NIL

Above Rs. 25,000/- to Rs. 20.00 crore: 1.00 % of loan + GST amount

Above Rs.20.00 crore: Rs. 20.48 lac + 0.510% of loan exceeding Rs. 20.00 Cr + GST

2. Processing Charges in case of enhancement of working capital limit.

PRIORITY SECTOR & NON – PRIOROTY SECTOR

Up to Rs 2.00 lakh -nil

Above RS 2.00 Lakh to Rs 500.00 lakh or part thereof –Rs 313.00 per lakh + GST

Above Rs 500.00 lakh and part thereof –Rs 355/- per lakh + GSTMaximum Rs 30.00 lakh + GST

 Note: Processing Fee shall not be charged in case of ‘SHISHU’ Category of Loans (i.e. Loans up to Rs. 50,000/- only) under PMMY. In case of ‘KISHORE’ Category (i.e. Loans more than Rs. 50,000/- and up to Rs. 5.00 lac only) and ‘TARUN’ Category (i.e. Loans more than Rs. 5.00 lac and up to Rs. 10.00 lac only) under PMMY, Processing Fee shall be charged @ 0.50% of the sanctioned limit plus GST as applicable.

3.RENEWAL CHARGES

Working capital limit (WITHOUT ENHANCEMENT)

PRIORITY  SECTOR & NON-PRIORITY SECTOR
Up to Rs. 2.00 lakh: NIL
Above Rs. 2.00 lakh to Rs 500.00 lakh & part thereof: Rs. 360.00 per lac  + GST
Above Rs 500.00 lakh & part thereof Rs 355.00 per lakh+ GST Maximum Rs 35.00 lakh + GST


4.  TERM LOAN: REVIEW/RENEWAL CHARGES (except Retail Credit & Corporate Loans)

0.10 % of limit or part thereof + GST Maximum Rs 1.00 lakh + GST

5.Service Charges for Loan to Corporates

 

Prepayment of Term Loan – 1.00% of amount pre-paid. + GST

For Term Loan above Rs 5.00 crore
Renewal/Review charges :
Rs 2.50 lakh + GST for every renewal /review

Term Loan and Working Capital above Rs 25.00 crore

(For modification  in terms of sanction including issuance of NOC/Interest Reduction or any other issues that may constitute a part of modification.)
Rs.1.00 lakh + GST for each modification

6. CHARGES FOR ADHOC SANCTION: FOR PRIORITY & NON-PRIORITY SECTOR

 

Up to Rs. 2.00 lakh

Rs 1000/-+ GST

Above Rs. 2.00 lakh uptoRs. 10.00 lakh

Rs.3000/-+ GST

Above Rs. 10.00 lakh uptoRs. 1.00 Crore

Rs.22000/-+ GST

Above Rs. 1.00 CroreuptoRs. 10.00 Crore

Rs 100000/-+ GST

Above Rs. 10.00 Crore

Rs. 220000/-+ GST

7. For loans and advances against liquid instruments namely Bank’s own Term Deposit, NSC, LIP, KVP, units of UTI etc.: NO PROCESSING  CHARGE IS TO BE REALISED
8. SUPERVISION /INSPECTION  CHARGES (to be realised as per terms & conditions of the respective scheme)

 Up to Rs. 25,000/- 

NIL

Above  Rs. 25,000/- to Rs. 1.00 lakh

Rs. 150/-+ GST per inspection.

Above  Rs. 1.00 lakh  to Rs. 2.00 lakh

Rs. 200/- + GST per inspection

Above Rs. 2.00 lakh toRs. 5.00 lakh 

Rs. 300/-+ GST per inspection

 Above  Rs. 5.00 lakh toRs. 10.00 lakh

Rs. 1500/- + GST per inspection

 Above Rs. 10.00 lakh to Rs. 20.00 lakh

Rs. 2500/-+ GST per inspection

Above Rs. 20.00 lakh to Rs. 50.00 lakh

Rs. 4000/-+ GST per inspection

 Above  Rs.50.00 lakh toRs. 2.00 crore

Rs 7000/-+ GST per inspection

iAboveRs 2.00 Crore

Rs.15000/- + GST per inspection

OUTSTATION INSPECTION

In addition to the above charges, actual expenses paid by Bank to Officials against T.A. Haltage etc. to be realised.

9 . GUARANTEE FEES

Charges for both Financial & Non-Financial Guarantees with Cash Margin  below 10% 

@ 3 % + GST per annum & Minimum 2 quarters 

Charges for both Financial & Non-Financial Guarantees with Cash Margin 10% - below 20%

@ 2.754% + GST per annum & Minimum 2 quarters 

Charges for both Financial & Non-Financial Guarantees with Cash Margin 20% - below 30%

@ 2.510% + GST per annum & Minimum 2 quarters 

Charges for both Financial & Non-Financial Guarantees with Cash Margin 30% - below 40%

@ 2% + GST per annum & Minimum 2 quarters 

Charges for both Financial & Non-Financial Guarantees with Cash Margin 40% - 99%

@ 1.508%+ GST per annum & Minimum 2 quarters 

Charges for both Financial & Non-Financial Guarantees with Cash Margin 100%

@ 0.762 % + GST per annum & Minimum 2 quarters 

10. MORTGAGE CHARGES 

Up to Rs. 10.00 lakh  

Rs. 800/-  per lakh +ST

Above Rs. 10.00 lakh  to Rs. 5.00 Crore     

Rs. 15000/- +ST

Above Rs. 5.00 crore         

Rs. 25000/- +ST

Note : Where Mortgage charges are realised,Documentation charges are not to be realised.

11. DOCUMENTATION CHARGES

Up to Rs. 25000/-

NIL

Above Rs. 25,000.00 to Rs. 50,000/-

Rs. 200/-+ GST

Above Rs. 50,000/- to Rs. 2.00 lakh

Rs. 1200/-+ GST

Above Rs. 2.00 lakh to Rs. 5.00 lakh             

Rs. 2800/- + GST

Above Rs. 5.00 lakh to Rs. 20.00 lakh            

Rs  3000/- + GST

Above Rs. 20.00 lakh to Rs. 1.00 crore           

Rs. 5000/-+ GST

Above Rs. 1.00 crore to Rs. 5.00 crore            

Rs. 7000/- + GST

Above Rs. 5.00 crore                        

Rs. 20000/- + GST

Note : (i) Where Mortgage charges are realized, Documentation Charges are not to be realized
           (ii)Actual Legal vetting charges are to be realised.

12. COMMITMENT CHARGES

Term Loan: All the existing and future borrowal accounts with overall credit limit of Rs. 1.00 crore and above

0.50 % per annum + GST on the balance of Term Loan remaining undrawn vis-à-vis the draw down schedule for more than 90 days.
To be realized at the end of each quarter (Jun, Sep, Dec, Mar)

Working Capital (Both Fund & Non Fund Based): All the existing and future borrowal accounts with overall credit limit of Rs. 1.00 crore and above.

  1. (i) 0.50% per annum + GST on the undrawn part, if average utilization during a quarter is below 80% and up to 60% of both fund & non fund based overall working capital limit.

 To be realized at the end of each quarter (Jun, Sep, Dec, Mar)

  1. (ii) 0.75% per annum+ GST on un-availed portion, if average utilization during a quarter is below 60% of both fund & non-fund based overall working capital limit.

 To be realized at the end of each quarter (Jun, Sep, Dec, Mar)

(13)  Prepayment of Term Loan
(Except floating rate term loan of Individual borrower and Retail Credit)

 

Upto Rs 10 lakh - Nil

Above Rs 10 lakh – if loan is taken over
Prepayment charges @1.00 % + GST to be realised

(14) Charges for giving copies of documents (Copies if sought by the customer)

Charges for copy of the documents for submission to any statutory authority – Actual photocopying charges + Rs 1000/-+ GST

(15) Providing credit report at the request of client

Rs 1000/-+ GST per occasion


SERVICE CHARGE ON RETAIL CREDIT PRODUCTS.

16. PROCESSING FEE

Housing Loan

0.50% + GST
Minimum Rs 1000/- + GST
Maximum Rs 10000/-+ GST

Mortgage Loan

1.00% + GST

Trade Credit

1.00%   + GST

Consumer  Loan

0.50%   + GST

Car Loan

0.50%   + GST
Min. Rs.500/- + GST
Max Rs. 10000/- + GST

Personal Loan for salaried person

1.00%   +GST

Education Loan

NIL

17. PRE-PAYMENT CHARGEFOR RETAIL CREDIT

Housing Loan Scheme

Fixed Rate of Interest: In case of takeover of Loan by Banks/FIs & Housing Finance Cos., 2.00%prepayment charge + GSTshall be levied. But no prepayment charge will be levied if prepayment is made out of own source of Fund.

Floating Rate of Interest: No prepayment charge irrespective of source of fund in case of Floating Rate of Interest.

Trade Credit Scheme

2.00 %  of the outstanding balance of the loan amount  + GST

No Processing & Documentation charge for loan against  BANK’S OWN TD,  NSC, KVP  S.V. OF LIP etc.

18. Consortium leader fees

Service Charge

Not less than 0.35 % per annum + GST on fund based WC Limits extended by the consortium, MaximumRs 65.00 lakh. + GST

19.Revalidation of Sanction

For Credit limits uptoRs 1.00 crore - 0.250% of limits+ GST

For Credit limits above Rs 1.00 crore - 0.250% of limits+ GST
Maximum – Rs 1.00 Lakh+ GST

20.Charges if presence of bank official is required along with the documents for photo copies

Actual photocopying charges + Rs 2000/- + GST+ Out of pocket expenses

21.Charges for cancellation of Bank’s lien on Government Securities /LIC policies on closure of the Loan.

Within one month from the date of closure of the loan at the rate of Rs 100/- per instrument + GST +out of pocket expenses.

22. Renewal of Guarantee

The charges are same as those applicable for issuance of fresh guarantees, except that the claim period is not charged for, if the renewal is effected before the expiry date of original guarantee.

In essence the charges should be on total final claim including the enhanced period plus claim period.

23. Charges for amendment /modification of sanction terms and for issuing NOC.

Upto Rs 1.00 crore –Rs 8500/- + GST per modification.

Above Rs 1.00 Crore to Rs 5.00 crore – Rs 17000/-+ GST per modification.

Above Rs 5.00 crore to Rs 25.00 crore – Rs 1.00 lakh + GSTper modification

Above Rs 25.00crore -- 0.20% per modification+ GST subject to Maximum Rs 13.00 lakh. + GST

24. CIBIL & CERSAI Charges

   Particulars

   Individual    Commercial
CIBIL Rs 52/- + GST Rs. 1000/-+GST
CRIF High Mark Rs 20/- + GST Rs. 800/-+GST
Experian/Equifax Rs 35/- + GST Rs. 800/-+GST
CERSAI Rs 125/- + GST  

PART –III
CONCESSIONS IN SERVICE CHARGES


(A) GENERAL

S.L.No

                                       Particulars

1

Discretionary Power for allowing concession in service charges
In order to retain High Value Customers and to increase the volume of business,the discretion for allowing concession in service charges has been vested with the different committee as under :

For Service Charges in General Operations and Loans & Advances

Regional Level Credit Committee (RLCC)

Upto 25%

Head Office Level Credit Committee 2 (HLCC-2)

Upto 50%

Head Office Level Credit Committee 1 (HLCC- 1)

Upto 75%

Audit Committee of the Board

Upto 100%


(B) OTHERS

S.L.No

                                        Particulars

1

Defence Personnel:No service chargein respect of the following service are to be recovered from Defence Personnel in service. Out of pocket expenses to be recovered.

  1. Collection of cheques
  2. Remittance by DD/RTGS/NEFT

2

Central Industrial Security Force (CISF) :
Central Industrial Security Forces (CISF) is eligible to get concessional banking facility  at par with defence personnel.The following concession,as enjoyed by Defence Personnel  shall be extended to them also:

  1. At par collection of salary
  2. At par remittance to family upto Rs 5000/- per month.
  3. At per custody of WILLS.
  4. In- house standing instructions free of charge.

3

Donation to National Foundation for Communal Harmony.
Waiver of 100% Exchange is allowed on purchase of Demand Draft by the donors towards donation of fund to  National Foundation for Communal Harmony, an autonomous organisation under the Ministry of Home Affairs,Govt.of India.

4

Concession for Govt.DepartmentsMinistries,Co-operative Banks,Land Development Bank,etc.
Free remittance facility in account of Ministries/ Govt.Departments may be allowed until further instructions.

At par collection and remittance facilities now available to Central Govt. Departments/Ministries’ Accounts under the Scheme of departmentalisation, be also extended to the departments of State Governments .To clarify, the cheques tendered by Govt.Departments for credit to Govt.Account should be collected at par and this is applicable to all Govt.transactions including State, Railways,Defence,etc.However Cheques drawn at centres where AGVB does not have branches and required to collect the cheques through some other schedule/ co-operative banks,collecting bank’s commission be charged by AGVB.

5

Co operativeBanks,Land Development Banks,Service Co-operatives,District Rural Development Agencies etc.

  1. No charges are to be levied for collection of chequesdeposited by DRDA,Farmers’ cooperative  Societies (bank’s own sponsored),Primary Agricultural Societies (banking with AGVB) .However, postages and other out of pocket expenses are to be recovered.
  2. Concession of 50% of the usual service charges for issuing DDs only in favour of beneficiaries of the cooperative banks may be extended provided those banks maintain their accounts with AGVB and such banks should give an undertaking at their H.O .level that they would charge their customers same charges as levied by us.
  3. Charges as per RBI Remittance Facility Scheme may be levied for transfer of funds from the account of cooperative Bank at one centre to that at another centre.The charges as per RBI  Remittance Facility Scheme are as follows.
  1. For amount uptoRs 5000/-

3p% with a minimum 25p

  1. For above Rs 5000/-

2p % with a minimum Rs 1.50

6

Concessions for AGVB Staff Members (existing and retired) :

  1. No Service Charge should be levied on transaction conducted by our staff members.
  2. No Service Charge should be levied on transaction conducted by our ex-staff member if he is not employed gainfully.
  3. Minimum balance maintenance criteria not applicable.

Note: All out of pocket expenses to be recovered.

7

Collection of instruments favouring Welfare Service, Charitable & Religios Institutions:
Collection of instruments favouring these institutions may be allowed at par provided that these institutionsareexempted from payment of Income Tax and also bank with AGVB.However ,actual postage/transmission charges and out of pocket expenses must be recovered while collecting instruments for the above customers.

8

Collection of Subsidy Cheques : Collection of Subsidy Cheques issued by the Central and State Government under any programme whenever applicable is to be collected at par.

9

Concession to Blind and Physically challenged and related institutions:
Collection of cheques at Par and free remittance facilities by way of DD/RTGS/NEFT may be allowed to blind and physically challenged and also to institutions set up for their welfare /benefit ,provided they bank with us ,However postage and other out of pocket expenses should be recovered.

10

Prime Minister’s Relief Fund/ Chief Minister’s Relief Fund :Cheques /DDs favouring PrimeMinister’s Relief Fund/ Chief Minister’s Relief Fund are to be collected at par,however actual expenses like postage etc  should be recovered.

11

DD etc issued favouring supplier under priority sector lending:  No commission is to be chargedfor issuing Demand Draftwhen such Draft is issued in favour of a supplier to ensure the end use of the bank’s funds by the borrowers under priority sector lending in compliance with the stipulation in the terms of sanction.

12

Conversion of Single pension account into joint pension account with the spouse permitted under Government order.